News 2008 April 14

Transneft posts higher RAS-based net profit

Net profit of Latvijas kugnieciba doubles to $67 million in 2007

FESCO focuses on new projects and cooperation in the Group

Robots to move boxes at the new London Gateway terminal

Hong Kong government decided to go ahead with Container Terminal 10

Singapore PSA sees 12% throughput rise in first quarter

Zim adds the port of Hong Kong to its new EWX service

Hanjin Shipping and Keoyang Shipping to merge

Port of Felixstowe upgrades South Rail Terminal

Strike threatened at Japanese ports

Port of Los Angeles to pay $39 million to environmental groups

Qatar Fuel to expand bunker supply storage facility

Maersk and MISC entered into a vessel sharing agreement for intra-Asia services

Dubai World to invest in Congo port and logistics parks

IMO's MEPC 57 approves revision of MARPOL Annex as regards SOx reduction

Russian Navy will fight pirate attacks on civilian ships - commander

Rolls-Royce design selected for Polar research vessel

Pakistan proposes building oil and gas pipeline to China

Port of Varna allocates land for new container terminal

Owners of NCSP control stake plan to sell 20% to Kadina Ltd

Vladmorport and FESCO to solve the problem of cargoes delivery to Russkiy Island

Throughput of Tuapse Commercial Seaport remained at the level of 4.8 mln t in Q1 08

Taiwan Wan Hai Lines more than doubled profit in 2007

German bank HVB to open ship finance centre in Dubai

Daewoo Shipbuilding wins $568 mln drill ship order

Russian Government considers ways of Nevelsk Fishing Port development

German shipping group DSR plans Baltic container terminals

CMA CGM to run Marseilles drydock

Vinalines announces $3bn investment plan

Oil price up to $108.75 in London and to $110.14 in New York

Cosco builds US$131 million platform for U.S. Gulf of Mexico